International Flavors & Fragrances (NYSE:IFF) Issues Earnings Results

International Flavors & Fragrances (NYSE:IFF) announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.17, Zacks reports. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $74.65 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45. The firm has a 50-day moving average price of $74.74 and a two-hundred day moving average price of $72.74. The company has a market capitalization of $19.06 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.76 and a beta of 0.94.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IFF. Transamerica Financial Advisors LLC boosted its stake in International Flavors & Fragrances by 74.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,992 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 847 shares in the last quarter. Brooklyn Investment Group acquired a new position in International Flavors & Fragrances during the fourth quarter worth about $205,000. Advisory Services Network LLC bought a new position in shares of International Flavors & Fragrances in the third quarter worth about $130,000. Keystone Financial Group acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $211,000. Finally, Voleon Capital Management LP acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $211,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of analyst reports. Oppenheimer upped their target price on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Rothschild & Co Redburn reduced their price target on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. UBS Group increased their price objective on International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group raised their price target on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.05.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.